Corporate governance in Asia improving – ACGA
SINGAPORE – US corporate collapses such as Enron and WorldCom have marked a turning point in Asian company attitudes towards corporate governance, according to Jamie Allen, secretary general of the Asian Corporate Governance Association (ACGA), speaking in Singapore in mid-September.
Allen stated that after some initial gloating over the US corporate collapses, Asian corporate managers started to assess their own company’s governance. However he stressed that a decline in corporate governance (CG) does not necessarily mean less effort on the part of the regulators.
Although most countries’ corporate governance ratings are trending downwards, "it is not due to a decline in their corporate governance standards or less effort on the part of the regulator. Rather, it is a result
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